Senior Quantitative Analyst – Model Governance Strategist
American AgCredit
full-time
Posted on:
Location Type: Remote
Location: United States
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Salary
💰 $110,339 - $198,610 per year
Job Level
About the role
- Key thought partner in the creation of the analytical risk management framework, bringing unique and new ideas to create innovative long-term strategies
- Critical resource in enhancing the model governance framework including improving design of all policies, procedures and processes
- Serve as primary resource, and internal subject matter expert, for all matters relating to governance of analytical risk, including MRM, and will represent the analytical risk management program in high-level meetings with senior leadership, the Executive Team, external auditors and regulators
- Manage all aspects of the Model Inventory according to the model lifecycle including: Model discovery, determination, risk-tiering, onboarding, model owner assignment, model owner training, model retirement and MRM reporting, among other lifecycle responsibilities
- Review model documentation created by model owners to ensure it meets regulatory and internal standards
- Own the annual model review process
- Build out the ongoing model monitoring program to ensure acceptable performance of all models in the inventory; regularly review monitoring results with model owners and follow up on performance issues as needed
- Review change control logs and make determinations regarding the level of review needed based upon the materiality of the change
- Manage the status of all outstanding model risk issues, review issues submitted for closure and work with model owners to ensure issues are appropriately remediated
- May, at times, assist with some model validation activities as necessary
- Will have significant influence and participation in complex long-term projects that directly impact the Association’s reputation
Requirements
- Advanced degree in quantitative discipline, or any equivalent combination of education and experience
- A minimum of 10 years of experience within a complex and highly regulated financial institution spanning at least two of the following areas: quantitative model development, quantitative model validation, quantitative model monitoring
- Some experience managing the quantitative risk of Gen AI
- FRM, CFA, or ASA/FSA designation preferred
- Thorough understanding of regulatory requirements and supervisory expectations [SR 11-7, OCC 2011-12, FCA EM 31.1-2] along with a comprehensive understanding of the model lifecycle
- Good understanding of NIST AI Risk Management Framework
- Profound quantitative expertise with the ability to discern the main drivers of risk within highly complex models and their impact on the organization
- Excellent analytical, organizational and project management skills with high attention to detail and the ability to manage multiple tasks under tight deadlines
Benefits
- Commitment to agriculture and the communities we serve
- Family friendly work environment
- Investment in employee development
- Medical, Dental and Vision coverage
- Outstanding 401k – automatic 3% employer contribution, plus match up to 6%
- Generous Paid Time Off (Vacation accrued at 26 days annually, Sick Days accrued at 15 days annually, 12 paid holidays, plus 16 hours of volunteer time)
- Competitive Incentive Compensation Plan
- Disability & Life Insurance
- Employee mental, physical, and financial wellness programs
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
quantitative model developmentquantitative model validationquantitative model monitoringmodel governancemodel lifecycle managementmodel risk management (MRM)model documentation reviewmodel performance monitoringchange control managementGen AI risk management
Soft Skills
analytical skillsorganizational skillsproject management skillsattention to detailability to manage multiple taskscommunication skillsleadership skillsproblem-solving skillscollaboration skillsinfluencing skills
Certifications
FRMCFAASAFSA